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Growth, Vol. 2: Energy, the Environment, and Economic Growth by Dale Weldeau Jorgenson is a nonfiction available to read on EtoBox.

What is Growth, Vol. 2: Energy, the Environment, and Economic Growth about?

Volume 1: Econometric General Equilibrium Modeling presents an econometric approach to general equilibrium modeling of the impact of economic policies. Earlier approaches were based on the'calibration'of general equilibrium models to a single data point. The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences, such as fixed input-output coefficients. These assumptions are contradicted by the massive evidence of energy conservation in response to higher world energy prices, beginning in 1973. The econometric approach to general equilibrium modeling successfully freed economic policy analysis from the straitjacket imposed by calibration.As a consequence of changes in energy prices and new environmental policies, a wealth of historical experience has accumulated over the past two decades. Interpreted within the framework of the neoclassical theory of economic growth, this experience provides essential guidelines for future policy formation. Volume 2: Energy, the Environment, and Economic Growth presents a new econometric general equilibrium model of the United States that captures the dynamic mechanisms underlying gro

Who reads Growth, Vol. 2: Energy, the Environment, and Economic Growth?

Author

Dale Weldeau Jorgenson

Publisher

The MIT Press

Published

1998

Language

EN

ISBN

9780585032405

Category

nonfiction

Subjects

Economics, Management, Business